China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Construction output in the UK is expected to have dropped in May. The construction PMI had hinted quite strongly that the nation’s construction sector has curbed output considerably and persistently from the turn of the year.
Even if the correlation between the official construction information and the PMI data is poor, both are showing a strong downwards trend in the construction sector. But the official output data are quite volatile.
In April, construction output had rebounding, growing 2.5 percent month-on-month following declines of 0.4 percent, 0.9 percent and 3.7 percent in the initial three months of 2016.
However, the data in May is expected to reverse the gains recorded in the previous month. Construction output is expected to have dropped 1.3 percent month-on-month in May, noted Societe Generale in a research report.
